The state blocks completion of power privatisations
Greece will not go ahead with privatising its dominant electricity utility or power grid operator Admie, energy minister Panagiotis Lafazanis said, despite promising its creditors not to halt sales that are underway. The comments appeared to mark the first sign of open dissent from a minister on the far left flank of the new Greek […]
RES fund to post a deficit
The Renewable Energy Sources (RES) Fund, financed by consumers through electricity bills, will post this year a deficit because of the power utility’s reduced revenues due to lower fuel prices. The government is considering plugging the hole by spreading the cost among consumers and RES operators. One scenario mulled by the Energy Ministry, would see […]
MVM purchases hydroelectric power plant
State-owned MVM Hungarian Electricity Ltd. has purchased a 7.48 MW hydroelectric power plant (HPP) in Romania, more precisely a 90 percent stake, in order to “further strengthen its renewables portfolio”, Budapest Business Journal reported, citing an article in Hungarian language Romanian daily ’Kronika’. According to the paper, the value of the transaction is approximately EUR […]
Hidroelectrica prepares for hydropower upgrade, acquisitions
Hidroelectrica plans to invest EUR 300 million this year in upgrading three hydropower plants and considers buying small hydro plants in the neighbouring countries as well as several hundred megawatts in wind farms developed on the local market, Mediafax reports. According to the attorney Remus Borza, the representative of Euro Insol, Hidroelectrica’s judicial administrator, Hidroelectrica […]
Italian borders with three countries successfully coupled
Slovenia’s ELES d. o. o. (Electricity Transmission System Operator) reported a further significant step towards an integrated European power market, as the Italian Borders Market Coupling was launched. The Italian-Austrian, Italian-French and Italian-Slovenian borders have been coupled with the MultiRegional Coupling (MRC), thus linking the majority of EU power markets – from Finland to Portugal […]
CHP plant as a solution for Sokolac district heating company
Head of Sokolac Municipality Milovan Bjelica had a meeting with consultants of the European Reconstruction and Development Bank (EBRD) to discuss a project of a 5 MW cogeneration plant, powered by biomass, with a value estimated at EUR 5.1 million, reported portal ekapija.ba. ”CHP plant project is a capital project with a technical support before […]
EBRD supports Turkey’s shift to renewable energy
Turkey has taken an important step towards reaching its 2023 renewable energy targets thanks to support from the European Bank for Reconstruction and Development (EBRD), reads the press release of EBRD. In a move to grow the share of renewables in the country’s energy mix, increase security of energy supply and reduce greenhouse gas emissions, […]
State-of-the-art solar park launched by the University of Cyprus
The University of Cyprus aims to become completely energy self-sufficient through two solar panel parks, rector Constantinos Christofides said during the launch of the ‘Phaethon’ photovoltaic park, made up by 1,645 solar panels, with an annual capacity of 632,000 kWh. The second solar park, to be named ‘Apollon’, which will have a 10 MW capability, […]
